The US wing of DLA Piper made a clean sweep of the financial pages with revenues, profit per parter, profit margin and revenue per lawyer all ticking up in 2010. This follows a poor showing in 2009 when DLA Piper’s revenues dropped 14%.
Because DLA Piper is set up as a verein under Swiss law, its financial reports distinguish between its US arm and international offices. The recent wave of transatlantic mergers has made this type of corporate structure more common among multinational firms, such as Hogan Lovells and Baker & McKenzie.
DLA Piper was itself the result of a three way transatlantic merger in 2005, and this years $1.38 million profit per partner in the US is its highest result since that merger.